Continuing Case 15. Personal Balance Sheet Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $9,000 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sit down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college graduation. Use the details below to complete Jamie Lee's personal financial plan to determine her financial position. Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. \begin{tabular}{|c|c|c|} \hline Assets & & \\ \hline Liquid assets & & \\ \hline Checking account balance & $1,250 & \\ \hline Savings/money market accounts, funds & & \\ \hline Cash value of life insurance & & \\ \hline Other & & \\ \hline Total liquid assets & & 1,250 \\ \hline Household assets and possessions & & \\ \hline Current market value of home & & \\ \hline Market value of automobiles & & \\ \hline Furniture & & \\ \hline Computer, electronics, camera & & \\ \hline Jewelry & & \\ \hline Other & & \\ \hline Other & & \\ \hline Total household assets & & $ \\ \hline Investment assets & & \\ \hline Savings certificates & & \\ \hline Stocks and bonds & & \\ \hline Retirement accounts & & \\ \hline Mutual funds & & \\ \hline Other & & \\ \hline Total investment assets & & $ \\ \hline Total assets & & 1,250 \\ \hline Liabilities & & \\ \hline Current liabilities & & \\ \hline Charge account and credit card balances & & \\ \hline Loan balances & & \\ \hline Other & & \\ \hline Total current liabilities & & 0 \\ \hline Long-term liabilities & & \\ \hline Mortgage & & \\ \hline Other & & \\ \hline Total long-term liabilities & & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Current liabilities & & \\ \hline Charge account and credit card balances & & \\ \hline Loan balances & & \\ \hline Other & & \\ \hline Total current liabilities & $ & 0 \\ \hline Long-term liabilities & & \\ \hline Mortgage & & \\ \hline Other & & \\ \hline Total long-term liabilities & $ & 0 \\ \hline Total liabilities & s & 0 \\ \hline Net Worth & & \\ \hline (Assets minus liabilities) & 8 & 1,250 \\ \hline \end{tabular} Continuing Case 15. Personal Balance Sheet Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $9,000 down payment she needs to begin her dream of opening a cupcake cafe. Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sit down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, entertainment and how her debt compares to her savings and assets. She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college graduation. Use the details below to complete Jamie Lee's personal financial plan to determine her financial position. Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. \begin{tabular}{|c|c|c|} \hline Assets & & \\ \hline Liquid assets & & \\ \hline Checking account balance & $1,250 & \\ \hline Savings/money market accounts, funds & & \\ \hline Cash value of life insurance & & \\ \hline Other & & \\ \hline Total liquid assets & & 1,250 \\ \hline Household assets and possessions & & \\ \hline Current market value of home & & \\ \hline Market value of automobiles & & \\ \hline Furniture & & \\ \hline Computer, electronics, camera & & \\ \hline Jewelry & & \\ \hline Other & & \\ \hline Other & & \\ \hline Total household assets & & $ \\ \hline Investment assets & & \\ \hline Savings certificates & & \\ \hline Stocks and bonds & & \\ \hline Retirement accounts & & \\ \hline Mutual funds & & \\ \hline Other & & \\ \hline Total investment assets & & $ \\ \hline Total assets & & 1,250 \\ \hline Liabilities & & \\ \hline Current liabilities & & \\ \hline Charge account and credit card balances & & \\ \hline Loan balances & & \\ \hline Other & & \\ \hline Total current liabilities & & 0 \\ \hline Long-term liabilities & & \\ \hline Mortgage & & \\ \hline Other & & \\ \hline Total long-term liabilities & & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Current liabilities & & \\ \hline Charge account and credit card balances & & \\ \hline Loan balances & & \\ \hline Other & & \\ \hline Total current liabilities & $ & 0 \\ \hline Long-term liabilities & & \\ \hline Mortgage & & \\ \hline Other & & \\ \hline Total long-term liabilities & $ & 0 \\ \hline Total liabilities & s & 0 \\ \hline Net Worth & & \\ \hline (Assets minus liabilities) & 8 & 1,250 \\ \hline \end{tabular}